Pivot Support & ResistanceHere signals are based on the pivot high and pivot lows. Factors taken into account in understanding the breakout or breakdown are:
volume
candle bar is not opening candle
must be near pivot high or low
Recommendation:
Use once candle closes else you might get trapped in certain cases so be careful
Breakout
XBrat Range Breakout - Defining Ranges & The Trading BiasxBrat Range Breakout
Designed to help define opening ranges of major markets, along with Gold Pit opens, Oil Pit opens and for major economic data points. We recommend timeframes for opening ranges on different type of instruments further down this description
There are 6 range data points available, 4 of which are pre-defined (but can be adjusted and renamed) and then 2 spare for those important data points. All the times and label names can be adjusted.
4 Pre-Defined Openings are:
Europe Gold Pit Open (8am Europe time)
London Stock Exchange Open (9am Europe time)
New York Gold Pit Open (8.20am EST)
NYSE Open (9.30am EST)
The range is defined by a parallel coloured cloud which changes colour depending on the BIAS of the opening range, calculated automatically for our users. At the same time the Open Tag is also coloured to help identify the BIAS and indeed which direction traders should trade the Range Breakout after the first candle has closed. The range BIAS continues to be drawn on the chart until the following days open. The colour will change as per the BIAS of that opening range. This allows for multiple entries of breakouts of the defined range throughout the following 24 hours.
Range Breakout BIAS Colours
Green - Bullish BIAS - When first candle has closed only look for breakouts to the upside
Red - Bearish BIAS - When first candle has closed only look for breakouts to the downside
Yellow - Neutral BIAS - When first candle closed, look for breakouts to both upside and downside or best not to trade the breakouts as neutral BIAS indicates indecision
Time Frames we suggest for open ranges of any market open or data points are:
Metals & Energy Futures or CFDs - 5 minute time frame
Currencies - Forex Pairs or Futures - 10 minute time frame
Index Futures or CFDs - 15 minute time frame
Beakdoo swing trading boxHi forks,
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo swing trading box indicate good buying position when it crossover the box.
Here's the ideas
1. It needs to crossover 1 month highest value and higher than 5 ema and 20 ema line
2. It also needs to crossover 1 month volume as well
3. Once 1,2 soaring candle emerge, it needs to correction time
4. 5 ema or 20 ema or center candle's 2/3 point x 0.95 (5% lower) would be the resistant line
5. center candle's 2/3 point line would be the buying point (you may can trade when it cross over
you can check above example chart and take a look what you have interested in.
hope this will help your trading on equity as well as crypto. I didn't try it on futures . Best of luck all of you. Gazua~!
FindAlphas_Volume
Hello traders,
As you know, in trading two things are important: Price Action and Volume. When a stock is bullish and there is support with the volume, it is a good thing. Sometimes a stock will be accumulated before anyone gets to know about it. A slight increase in the volume might not get noticed, unless the volume is calculated to check for an increase. The script will calculate each volume bar in real time and will compare it to the previous bars. If there is a significant increase in the volume, it will be spotted, and the color will change to inform the trader.
There are couple of user input fields for modifications.
1- The lookback period. Default is set to 20, but could be changed from 10 to 50. This will affect how the script is going to calculate the abnormality in the volume.
2- The other one is to see the volume as a histogram or not.
3- Volume color
4- Alpha Volume color
5- Histogram color
I hope you will find it useful
HAP Auto Trend Line [PRO]Hello Traders!
The trend line is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trend line helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and identifying this trend is the first step in the process of making a good trade, and it can tell Support/resistance is very good.
But when drawing Trend Lines, sometimes we're not sure where to start. From where is the starting point? And sometimes it can be drawn multiple lines with different support/resistance lines over time. This itself can be confusing, so I tried to create a tool that allows it to draw lines automatically. According to price movement.
Let's take a look at the variables you need to understand from our indicators.
For this indicator it works in two main parts:
Section of Trend Line
Trend Reversal section
Therefore, these two parts have separate functions. To be used as a component for easier decision-making.
Trend Line, as I said before, what it is. Next is Trend Reversal. I will simply say it is. A period of time when the candle tries to pump and dump. This will help point out the potential price reversal. And if there is a trend line area, it is an interesting point to consider. To identify possibilities.
Some variables from the settings page
Number of Bars to Check : It is the number of past candlesticks to consider. To identify the start of the Trend Line, if it meets the condition, it will automatically draw the Trend Line for you.
Trend Line Depth : It is the frequency. Of identifying the starting point Trend Line. If the value is large, it will find a low Trend Line, and if it is low, it will find more Trend Line. This is flexible. So you have to try it yourself. On demand.
Overview
You can turn it on or off. Support/resistance position either.
Select Emoji Support/resistance. Freely
Line style you want
your favorite color
customizable line intensity
the script is fast enough to run on 1sec chart:
fun !
Volume TrendsThis script provides clear volume trends on any time frame. You set a long term volume trend moving average (ex 100 periods). A shorter term MA of your choice (10 in this example) will oscillate above and below based on the standard deviations of its current value relative to the long term #.
Similarly, large volume bars are plotted in terms of st dev above the long term MA.
Very useful in spotting capitulation bottoms and/or blow-off tops.
Fibonaci Opening Range Candle
Fibonacci Opening Range it is 50% and 0.61% of 5 min or 30min or 1 hour opening candle
search buying opportunities below 0.61
and selling opportunities above 0.50
Also acts as good support and resistance in intraday
BEST RESULTS IN INDEXES
Thanks & Best Regards
Marella Ganesh
Volume Breakout (ValueRay)Easy visuals on, if volume is way over average. Good for Mean Reverting. Higher Volume tends to higher breakout chances.
Please whisper me for for ideas how to make this better. Its a very simple script, but got some alpha. If you know how to improve, let me know and i will code it into.
Kaufman's Efficiency Ratio Strategy [KL]I recently published an indicator called "Kaufman's Efficiency Ratio Indicator". In the description of that script, I hypothesized about how the Efficiency Ratio could be applied to identify bullish moves in instances where price had already gone up steeply, but rests for a while, allowing for entry in expectation that price will continually rise. I decided to test out this idea with Pinescript.
About Kaufman's Efficiency Ratio ("ER")
ER was developed by a systematic trader by the name of Perry J. Kaufman.
Formula
The formula is:
= A divided by B,
where:
A = Current closing price minus the closing price at the start of the lookback period
B = Sum of differences between closing prices (in absolute terms) of consecutive bars over the lookback period
How this strategy enters a trade (Long):
- code: entry_signal_long = ER > 0 and ER_is_mid
- meaning: when ER is positive, strategy assumes price has risen. Usually ER value begins high (red), and unless it is a false move, then it should stay positive. This strategy will patiently wait until ER drops to medium (yellow), and then place a trade.
- how low/medium/high is dynamically determined: Refer to the description of my other script("Kaufman's Efficiency Ratio Indicator") for details. Trying to keep this as short as possible.
How this strategy exits a trade (Long):
- when price hits stop limit; stop limit is based on low of bars, trails upward based on ATR
- included a feature called "tightening TSL", which tries to reduce the stop-buffer during periods of high volatility implied by ER (very experimental, opening the floor for suggestions on how this can be improved)
Recent High/Low Dots by Alejandro PSimple indicator that plots a dot in the chart when a candle breaks the high of the past X candles.
This is useful to easily visualize when the market is coming out of a range and making fresh highs or lows relative to the past X candles.
It can be used in trend following systems as an additional filter for validation.
Roc Mean Reversion (ValueRay)This Indicator shows the Absolute Rate of Change in correlation to its Moving Average.
Values over 3 (gray dotted line) can savely be considered as a breakout; values over 4.5 got a high mean-reverting chance (red dotted line).
This Indicator can be used in all timeframes, however, i recommend to use it <30m, when you want search for meaningful Mean-Reverting Signals.
Please like, share and subscribe. With your love, im encouraged to write and publish more Indicators.
[KL] Double Bollinger Bands Strategy (for Crypto/FOREX)This strategy uses a setup consisting of two Bollinger Bands based on the 20 period 20-SMA +/-
(a) upper/lower bands of two standard deviations apart, and
(b) upper/lower bands of one standard deviation apart.
We consider price at +/- one standard deviation apart from 20-SMA as the "Neutral Zone".
If price closes above Neutral Zone after a period of consolidation, then it's an opportunity for entry. Strategy will long, anticipating for breakout.
The illustration below shows price closing above the Neutral Zone after a period of consolidation.
a.c-dn.net
Position is exited when prices closes at Neutral Zone (being lower than prior bars)
Trend lines + Pivot Levels + Candlestick PatternsThis is a pure PRICE ACTION indicator that will show you possible trend lines, pivot lines and candlestick patterns at once.
it has been designed to determine upper and lower trend lines in the chart and you can set candlestick patterns on them with alerts!
it means that you add the indicator to the chart and set the alert and done!
whenever a pinbar or engulf or breakout(in both directions) happens, you will be notified by alerts.
you also have pivot lines on the chart by this indicator. you can set the candlesticks on pivots instead of trend lines, so if you are a fan of support and resistance you can have this one, it depends on you.
all of the pivots and trend lines and also the candle sticks are customizable, so you can exactly select the pinbar, engulfing or breakout candle that matches with your mindset. for example you can set a pinbar that long shadow is 4 times or 3 times greater than the body, it's on you.
you can also customize trendlines or pivot lines, if you are scalper you can set it to small trend lines and if you are day trader or long term trader you can set it to the number that fits with your strategy.
trends and pivots will be updated automatically and there is no need to set it every time.
Be PROFITABLE!
$kMagician /*
Three Week Tight Pattern IndicatorThree Week Tight Pattern is a consolidation indicator which give extra buy point on strong fundamental stocks. You can read about it from IBD here: www.investors.com
Support and Resistance Index {Fournier-Eaton} This algorithm quantifies the amount of pressure applied by support and resistance and helps confirm trend initiation as levels, relative to horizontal supports and resistances are broken.
Look for spread in the red and green lines
A low spread will usually indicate a rangebound stock as it is pressured on both sides equally by resistance and support
A high spread will typically indicate a stock prepared to make a new directional move.
A widening spread will indicate the continuation of a trend
A narrowing spread will indicate the beginning of a reversal.
More succinctly:
A large spread with RED OVER GREEN indicates a high probability of upward reversal -- think downtrend is exhausted.
A large spread with GREEN OVER RED indicates a high probability of downward reversal -- think uptrend is exhausted.
Shape and relative values (wide green over red etc), not indicator values are of importance, are the most important.
Feedback is always helpful and I hope you find this useful.
Pivot Points And Breakout Price Action With LuckyNickVaBar Color Candle Aligned with pivot points swing high and swing lows For Those Who Are Familiar with Trading The Breakouts Of Highs & Lows Of Structure. Pivots are said to be key areas in the market where price shows heavy reaction to where reversals make occur. At these points there are swing Highs & swing lows that traders may be able to find opportunity in the market. This Script is a combination of pivot points and Barcolor signals for the breakout.
SMART4TRADER-INDEX PATTERN BREAKOUT MULTIThis indicator is designed to analyze the breakdown of previous values of the candles, not only on the selected tool, but also on others. The indicator is well used on the indices of the stock market. In the default indicator, recommended indexes are configured.
The indicator summarizes the results of the analysis of all tools and shows in the form of columns that are above and \ or below the zero line. Additionally, the indicator has two horizontal lines above zero (green) and two horizontal lines below zero (red). The breakdown of these nearest to zero lines signals the possible beginning of the move towards which the column is directed. If the column reached the left line, this means that a very strong trend is noticeable on all the tools selected in the settings.
Additionally, the indicator has a blue line that shows the average value of the columns both above and below the zero line. And also added Hull Moving Average Period (9).
BUY signal:
HIGH > HIGH(1) и LOW > LOW(1)
SELL signal:
HIGH < HIGH(1) и LOW < LOW(1) и LOW < LOW(2)
--------------------------------------------------------
Этот индикатор предназначен для анализа пробития предыдущих значений свечей, не только на выбранном инструменте, но и на других. Индикатор хорошо использовать на индексах фондового рынка. В индикаторе по умолчанию настроены рекомендуемые индексы для анализа.
Индикатор суммирует результаты анализа всех инструментов и показывает в виде столбиков, которые находиться выше и\или ниже нулевой линии. Дополнительно на индикаторе есть две горизонтальные линии выше нуля (зеленый) и две горизонтальные линии ниже нуля (красный). Пробитие этих ближайших к нулю линий сигнализирует о возможном начале движения в сторону, в которую направлен столбик. Если столбик достиг крайней линии, то это значит, что очень сильный тренд заметен на всех инструментах выбранных в настройках.
Дополнительно в индикаторе есть синяя линия, которая показывает среднее значение столбиков как выше, так и ниже нулевой линии. А также добавлена HULL MOVING AVERAGE период (9).
Сигнал на покупку:
HIGH > HIGH(1) и LOW > LOW(1)
Сигнал на продажу:
HIGH < HIGH(1) и LOW < LOW(1) и LOW < LOW(2)
Boom Hunter ProBoom Hunter Pro is the ultimate indicator for targeting perfect long entries and epic shorts. Boom Hunter comes with a super fast oscillator that uses Ehlers Early Onset Trend (EOT). This is the Center Of Gravity Oscillator (COG) with a super smoothing filter and a roofing filter. This indicator is tuned for 1 hour charts but can be used on any time frame.
Colored bars can be turned on to assist in finding an entry. Purple signifies a drag and potential dump.
Fibonacci lines can be turned on to track price action and find entries/exit.
This indicator follows the same rules as COG. For more information please see my COG HOWTO here:
PriceCatch Breakout Signals IOHi TradingView Community.
Here is a script that identifies and marks two different breakout levels on the chart. It works on all instruments - equities, forex, crypto & commodities.
Probable Breakout Buy Level
Stop-Reverse Buy Level
The above chart is self-explanatory. The script uses two different formulas to look out for breakouts. This logic opens up more opportunities.
As the levels are marked in advance before the breakouts occur, it will give traders ample time to study further and plan the trade.
PLAYING SAFE
After taking the trade, to play safe, I follow this method that once the Low of the price goes above the Breakout Level, I usually shift the stop loss to buy price to protect against any sudden reversal. For me protecting capital is important. As usual with price action, longer time-frames produce more reliable signals.
STOP LOSS
While the initial stop level is suggested, traders may also use the ATR to set stop loss. Users may find my free script 'ATR value on Chart' useful.
NOTE - PRIOR TO USING THIS SCRIPT:
You may use this script in addition to your other indicators or independently. Please remember that the script is shared with absolutely no assurances and warranties whatsoever regarding usability and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are convinced it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script. The script does not identify any short signals.
QUERIES/FEEDBACK
Please PM me.
Regards to all and wish everyone all the best with trading.
Auto Trendline & Breakout Alert(Linear / Log) Full-VersionContents
Overall Introduction
Does it repaint?
Features
Settings menu parameters
How to setup
Limits
Errors and Performance
Examples
Overall Introduction
This indicator is the best tool for breakout traders.
Drawing and evaluating the trend lines of multiple charts in different time frames is a very time-consuming and tedious task. In addition, being aware of breakouts in the shortest possible time requires constant monitoring.
With this tool, you can draw and classify trend lines in a fraction of a second and by placing an alert on any chart, you can receive notifications about breakouts, wherever you are.
The classification of trend lines is done based on the reaction of the price chart to the trend lines and the analysis of the trading volume.
This indicator is designed to reclassify trend lines with each reaction of the price chart. These lines are classified into 6 levels and these levels are distinguished by different colors. Thus, any touching or crossing of the price chart can make a difference.
Does it repaint?
Any tool that shows trend lines must repaint because trend lines are constantly changing. Some lines lose their strength and new ones are formed, so some lines should be removed and replaced with new lines and that means repainting.
The indicator should reflect the latest changes. So while repainting is a bad thing in a strategy, it is essential in this indicator.
This indicator is designed to reclassify trend lines with each reaction of the price chart. Thus, any touching or crossing of the price chart can make a difference.
Note that unlike alerts, breakout labels are not trading signals:
Breakout labels show the latest breakout for each level based on the lines that appear on the chart, so they may repaint or have delay.
But Alerts work differently, Alerts are triggered when one of the trend lines is broken and then the next candle is opened and has no any delay.
Features
This indicator is designed for use on both linear and logarithmic scales. It works linearly by default. If you are using a logarithmic chart, enter the settings menu and set the chart scale parameter to “Log”.
The indicator is equipped with the volume status tool to identify and avoid false breakouts. Note that you can't completely avoid false breakouts, but you can minimize risk and loss. I have already published volume status as a separate script.
Several filters are provided to customize alerts. You can limit alerts based on the level and strength of broken trend lines, volume status, and type of breakout (Cross-Over, Cross-Under, or both).
The last breakouts panel gives an overview of the current market situation. You can activate it in the settings menu. the figure below shows the panel:
Settings menu parameters
{Chart Scale …} =>
Set it according to the chart. If you are using a linear chart, select the "Linear" option or if you are using a logarithmic chart, select the "Log" option
{Max Operational Range Length ...} =>
This parameter specifies the number of candles processed by the indicator (By default, the last 1000 bars)
{Filter Out-Of-Range Lines} =>
The filter removes diverging or out-of-range lines and reduces the clutter of the chart
{Visible Trend Lines ...} =>
In this section you can specify which level of trend lines should be visible. Level 1 contains the strongest lines and level 6 contains the weakest.
{Alert Condition 01 _ Trendline Levels} =>
In this section, you can specify which level of trend lines will trigger an alert after the breakout. This section has been added to customize alerts.
{Alert Condition 02 _ Cross Type} =>
In this section, you can limit alerts based on the type of breakout (Cross-Over, Cross-Under or both). This section has been added to customize alerts.
{Alert Condition 03 _ Volume Status} =>
In this section, you can limit alerts by volume to avoid fake breakouts. This section has been added to customize alerts.
{Last Breakout Label} =>
In this section, you can enable or disable the last breakout labels.
{Panel} =>
In this section, you can enable or disable the last breakout panel or set its position on the chart.
How to setup
There are many parameters in the settings menu, but two are more important. One is “Chart Scale” and the other is the “Max Operational Range Length".
Set the “chart scale” parameter according to the chart, otherwise the trend lines drawn by the indicator do not match the price chart.
If you are using a linear chart, select the "Linear" option or if you are using a logarithmic chart, select the "Log" option.
Max Operational Range Length Limits the range of the price chart that is processed by the indicator.
By increasing this parameter:
The strength and durability of the trend lines increases.
The number of breakout signals decreases.
The importance of breakout signals increases.
The indicator processing load increases.
In the following figure, you can see the effects of increasing the “Max Operational Range Length" parameter:
Limits
Since this indicator makes extensive use of trading volume, it is necessary to use a chart with volume information.
But if the volume information is not provided by the vendor, indicator will continue to work based on the price chart only, and a warning message will be displayed below the chart to let you know.
Errors and Performance
The performance of this indicator depends on the “Max Operational Range Length” parameter in the settings menu because it performs calculations, within a range with the length of this parameter.
By increasing this parameter, the processing load increases. Sometimes you may encounter the following error: “Loop takes too long to execute (>200 ms)”
If you see this error, do one of the following:
Reduce the “Max Operational Range Length”.
Reset the indicator. To do this, double-click on the “Hide” button in front of the indicator name.
Examples
EURUSD (FX:EURUSD) – 1D // Scale: Logarithmic, Max Range Length = 1000, Filter: 2X
NASDAQ 100 (CME_MINI:NQ1!) - 1D // Scale: Logarithmic, Max Range Length = 700
GOLD (COMEX:GC1!) – 1D // Scale: Logarithmic, Max Range Length = 650, Filter: 2X
NATURAL GAS (NYMEX:NG1!) – 1D // Scale: Logarithmic, Max Range Length = 625, Filter: 4X
AMAZON (NASDAQ:AMZN) – 1D // Scale: Logarithmic, Max Range Length = 1750, Filter: 2X
APPLE INC (NASDAQ:AAPL) – 1D // Scale: Logarithmic, Max Range Length = 340, Filter: 4X
GBPUSD (FX:GBPUSD) – 1D // Scale: Logarithmic, Max Range Length = 1000, Filter: 3X
SILVER (COMEX:SI1!) – 1D // Scale: Logarithmic, Max Range Length = 550, Filter: 3X
BITCOIN (KUCOIN:BTCUSDT) – 4H // Scale: Logarithmic, Max Range Length = 1250, Filter: 3X
MICROSOFT (NASDAQ:MSFT) – 1D // Scale: Logarithmic, Max Range Length = 340, Filter: 4X
TOTAL (CRYPTOCAP:TOTAL) – 2H // Scale: Logarithmic, Max Range Length = 1075, Filter: 3X
Linear Regression & RSI Multi-Function Screener with Table-LabelHi fellow traders..
Happy to share a Linear Regression & RSI Multi-Function Custom Screener with Table-Labels...
The Screener scans for Linear Regression 2-SD Breakouts and RSI OB/OS levels for the coded tickers and gives Summary alerts
Uses Tables (dynamica resizing) for the scanner output instead of standard labels!
This Screener cum indicator collection has two distinct objectives..
1. Attempt re-entry into trending trades.
2. Attempt Counter trend trades using linear regression , RSI and Zigzag.
Briefly about the Screener functions..
a. It uses TABLES as Labels a FIRST for any Screener on TV.
b. Tables dynamically resize based on criteria..
c. Alerts for breakouts of the UPPER and the LOWER regression channels.(2 SD)
d. In addition to LinReg it also Screens RSI for OB/OS levels so a multifunction Screener.
e. Of course has the standard summary Alerts and programmable format for Custom functions.
f. Uses only the inbuilt Auto Fib and Lin Reg code for the screener.(No proprietary stuff)
g. The auto Zigzag code is derived(Auto fib).
Question what are all these doing in a single screener ??
ZigZag is very useful in determining Trend Up or Down from one Pivot to another.
So Once you have a firm view of the Current Trend for your chosen timeframe and ticker…
We can consider few possible trading scenarios..
a. Re-entry in an Up Trend - Combination of OS Rsi And a Lower Channel breach followed by a re-entry back into the regression channel CAN be used as an effective re-entry.
b. Similarily one can join a Down Trend on OB Rsi and Upper Channel line breach followed by re-entry into the regression channel.
If ZigZag signals a range-bound market, bound within channel lines then the Upper breakout can be used to Sell and vice-versa!
In short many possibilities for using these functions together with Scanner and Alerts.
This facilitates timely PROFITABLE Trending and Counter trend opportunities across multiple tickers.
You must give a thorough READ to the various available tutorials on ZigZag / Regression and Fib retracements before attempting counter trend trades using these tools!!
A small TIP – Markets are sideways or consolidating 70% of the time!!
Acknowledgements: - Thanks a lot DGTRD for the Auto ZigZag code and also for the eagerness to help wherever possible..Respect!!
Disclaimer: The Alerts and Screener are just few tools among many and not any kind of Buy/Sell recommendations. Unless you have sufficient trading experience please consult a Financial advisor before investing real money.
*The alerts are set for crossovers however for viewing tickers trading above or below the channel use code in line 343 and 344 after setting up the Alerts!
** RSI alerts are disabled by default to avoid clutter, but if needed one can activate code lines 441,442,444 and 445
Wish you all, Happy Profitable Trading!
STC Price Action ZoneHow this works:
This Indicator looks to identify patterns which shows high movement area which may have occurred due to big orders at that time. It helps to Identify Price Action Zones where we may anticipate some reverse move. These Zones & Moves are helpful for Traders.
Buying Zone is below current Market Price. It indicates Price Action area where Buyers overpowered Sellers hence there was big Leg out Candle. This zone may again give buying momentum if Price comes back to that level. As a Trader one may take opportunity enter into the Trade on Bullish Side.
Selling Zone is above current Market Price. It indicate Price Action area where Sellers overpowered Buyers hence there was big Leg out Candle. This zone may again give Selling momentum if Price comes back to that level. As a Trader one may take opportunity enter into the Trade on Bearish Side.
DISCLAIMER:
This indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
It is strongly recommended that you should get full knowledge of how price actions work and wait for the clear indications before attempting.
NVME Breakout DetectorMain Description:
NVME Breakout Detector is an indicator designed for breakout traders that helps those traders simplify trading through saving their time by automatically finding appropriate high and low zones on the chart for the trader. The indicator also provides the user with alerts of newly printed zones and zones that were broken through giving a trader the confirmation to stay in a trade longer or perhaps to find a new trade position following the trend that is shown.
How To Use It?
This is a beginner and user friendly indicator that is simple to follow, firstly the user should add this script on to their charts, secondly they will see 2 generated zones (the high being in red and the low being in green), once the user identifies those zones, the user should wait for price to close past those zones to get the idea that price may want to continue in that direction.
Settings:
Use Higher Accuracy Method - This will add another condition into the zone detection algorithm causing the indicator to detect less zones but these zones will be better for accuracy.
Use Bar Close - This will add another condition into the breakout calculator and alerts, which will force the indicator to wait for the bar to close before any confirmations can take place.
Show Breakout History - This will print all the previous zones and labels for the asset you are on.
Show Breakout Labels - This will show the breakout labels next to each zone and allow the user to see how many times that zone has been broken through or if it hasn't been broken through.
Supported Assets: All Assets Supported
Will This Come With Other NVME Scripts? Yes
